Veterinarian regulatory agency faces possible insolvency

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The College of Veterinarians of British Columbia is asking its members across the province to vote on increasing their annual fees as it contends with a more than C$1m deficit. But the regulatory agency's call for funds comes as concerns are raised about how vets’ registration money is being spent, and what oversight could look like if the college stops operating. Sarah Armstrong, who practices at Olympic Village Veterinary Clinic, said the college's need hadn't seemed so acute in the past. "They've always presented a very rosy picture for their financials," she said. "We didn't see the need for the increase in fees." A note in the college's 2023-2024 annual report explained the deficit. "The losses result from an increase in costs to deliver the mandated regulatory requirements, despite no increase in the registration fees since 2011," it read.


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